Core Viewpoint - The controlling shareholder of Henan Ruibeka Hair Products Co., Ltd. plans to transfer 70,000,000 shares, representing 6.18% of the company's total share capital, to Xuchang Changda Trading Co., Ltd. This transfer will not change the controlling shareholder or the actual controller of the company, nor will it significantly impact the company's governance structure or ongoing operations [1][2][7]. Summary by Sections 1. Basic Situation of the Equity Change - The controlling shareholder, Henan Ruibeka Holdings Co., Ltd., signed a share transfer agreement with Xuchang Changda Trading Co., Ltd. on June 25, 2025, to transfer 70,000,000 unrestricted circulating shares, which is 6.18% of the total share capital of 1,131,985,440 shares [2][3]. 2. Basic Information of the Parties Involved - **Transferor**: Henan Ruibeka Holdings Co., Ltd. - Registered Capital: 495,000,000 RMB - Type: Limited Liability Company (Solely Owned by Natural Person) - **Transferee**: Xuchang Changda Trading Co., Ltd. - Registered Capital: 250,000,000 RMB - Type: Limited Liability Company (Non-Natural Person Investment or Control) [2][3]. 3. Main Content of the Share Transfer Agreement - The agreement stipulates that the transfer price will be paid in three installments, with the first two installments being 35% of the total transfer price, and the final installment covering the remaining amount. The agreement also includes provisions for adjustments in case of corporate actions affecting the shares [3][4]. 4. Impact of the Share Transfer on the Company - The share transfer does not trigger a mandatory tender offer and will not lead to changes in the controlling shareholder or actual controller. It is not expected to have a significant impact on the company's governance structure or ongoing operations, nor does it harm the interests of the company or other shareholders [2][7].

Group 1 - Zhengzhou Airport Hub Construction Company plans to issue its first corporate bonds with a scale not exceeding 1.6 billion yuan, with a term of no more than 5 years [1] - The company was established in August 2021 with a registered capital of 3 billion yuan, fully owned by Zhengzhou Airport Science and Technology Investment Group [1] Group 2 - Xuchang State-owned Assets intends to invest 217 million yuan in Rebeccah by transferring 70 million shares, accounting for 6.18% of the total share capital [3] - After the transfer, Changda Trading will become the second-largest shareholder of Rebeccah [3] Group 3 - The National Development and Reform Commission announced a new central budget investment to support local implementation of labor-for-relief projects, with a total of 16.5 billion yuan allocated for 2025 [5] - This initiative aims to assist 380,000 individuals from difficult backgrounds in increasing employment and income [5] Group 4 - The Shanghai Stock Exchange and China Securities Index Co., Ltd. will launch a series of indices for convertible bonds and exchangeable bonds with differentiated credit ratings [8] - This initiative aims to provide diversified performance benchmarks and investment targets for the market [8] Group 5 - Zhengzhou Development Investment Group has received approval from the Shenzhen Stock Exchange for two bond projects totaling 5 billion yuan, with a focus on private placements [13] - The projects include a 3 billion yuan issuance of technology innovation corporate bonds and a 2 billion yuan issuance of corporate bonds [13] Group 6 - China Pingmei Shenma Group completed the issuance of 1 billion yuan in technology innovation bonds at an interest rate of 2.85% [14] - The funds raised will be used to repay interest-bearing debts of the issuer and its subsidiaries [14] Group 7 - The first domestic REITs expansion project for rental housing was successfully listed, with a total issuance scale of 180.4 billion yuan across various asset types [11] - This marks a significant milestone in the development of the REITs market in China [11] Group 8 - The Chengdu Eastern Group's executive director is under investigation for serious violations of discipline and law [18] - This incident highlights ongoing scrutiny and governance issues within state-owned enterprises [18] Group 9 - The market outlook for urban investment bonds remains positive, with a focus on extending durations to capture coupon income and exploring private bonds [20] - The report emphasizes the importance of maintaining a balanced supply-demand dynamic in the bond market [20]

Suspension - Songyang Resources is planning a change in control, leading to a suspension of its stock [1] Private Placement and Mergers - Beite Technology plans to raise no more than 300 million yuan for the construction of a screw production base in Thailand [2] - Xining Special Steel intends to raise no more than 1 billion yuan to supplement its working capital [3] - Haishun New Materials is planning to acquire 100% equity of Guangdong Zhengyi Packaging Co., Ltd. through cash payment [3] Share Buybacks and Transfers - Shaanxi Jinye's actual controller proposed a buyback of 40 million to 70 million yuan [4] - Huate Dain's shareholder Guo Weisong plans to continue increasing his stake by 1.85% to 3.70% [5] - Zhongying Technology's shareholder is inquiring about a share transfer at a price of 31 yuan per share [6] - Rebecca's controlling shareholder is transferring 6.18% of shares through an agreement [7] External Investments and Daily Operations - Ningbo Huaxiang's subsidiary has been entrusted by Shanghai Zhiyuan to produce full-size biped robots [8] - Xinhongye's subsidiary won a bid for a 42.34 million yuan power cable procurement project from China Nuclear Construction [9] - Angel Yeast plans to invest 502 million yuan in the construction of a biological manufacturing center [10] - Hubei Yihua's phosphate chemical project has partially commenced full-load production [11] - Lian De Equipment is the first candidate for the bid for BOE's 8.6-generation AMOLED production line project, with a bid price of 157 million yuan [11] - China Foreign Transport's subsidiary plans to sell 25% equity of Lu Kai International for 3.382 billion yuan, expecting an investment return of 1.793 billion yuan [12] - Sitake plans to invest 12 million yuan in Huarui Xincai to enter the semiconductor photoresist field [13] - Jingce Electronics' subsidiary signed a sales contract for semiconductor testing equipment worth 113 million yuan [14] - Rijiu Optoelectronics' wholly-owned subsidiary Zhejiang Rijiu plans to invest approximately 822 million yuan to construct a functional film project with an annual output of 6 million square meters [14] Performance Changes - Dalian Heavy Industry expects a net profit of 305 million to 326 million yuan for the first half of the year, representing a year-on-year increase of 11.12% to 18.92%, mainly benefiting from the growth in gross profit of material handling equipment [15]

河南瑞贝卡发制品股份有限公司 简式权益变动报告书 (二) 上市公司名称：河南瑞贝卡发制品股份有限公司 股票上市地点：上海证券交易所 股票简称：瑞贝卡 股票代码：600439 信息披露义务人：许昌市昌逹商贸有限公司 住所/通讯地址：河南省许昌市东城区钧都路以东、莲城大道以北许昌市老年大 学 1 幢 14 层 1401-11 号 股份变动性质：股份增加（协议转让） 签署日期：2026 年 6 月 26 日 1 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司收购管理办法》《公开发行证券公司信息披露内容与格式准则第 15 号—权益变动报告书》（以下简称"准则 15 号"）及相关的法律、法规及部门 规章的有关规定编写本报告书。 二、依据《公司法》《证券法》《收购办法》《准则 15 号》的规定，本报告书 已全面披露信息披露义务人在河南瑞贝卡发制品股份有限公司中拥有权益的股 份变动情况；截至本报告书签署日，除本报告书披露的持股信息外，信息披露义 务人没有通过任何其他方式增加或减少在河南瑞贝卡发制品股份 ...

河南瑞贝卡发制品股份有限公司 简式权益变动报告书 (一) 上市公司名称：河南瑞贝卡发制品股份有限公司 股票上市地点：上海证券交易所 股票简称：瑞贝卡 股票代码：600439 信息披露义务人：河南瑞贝卡控股有限责任公司 住所/通讯地址：许昌市瑞贝卡大道 669 号 股份变动性质：股份减少（协议转让） 签署日期：2025 年 6 月 26 日 1 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司收购管理办法》《公开发行证券公司信息披露内容与格式准则第 15 号—权益变动报告书》（以下简称"准则 15 号"）及相关的法律、法规及部门 规章的有关规定编写本报告书。 二、依据《公司法》《证券法》《收购办法》《准则 15 号》的规定，本报告书 已全面披露信息披露义务人在河南瑞贝卡发制品股份有限公司中拥有权益的股 份变动情况；截至本报告书签署日，除本报告书披露的持股信息外，信息披露义 务人没有通过任何其他方式增加或减少在河南瑞贝卡发制品股份有限公司中拥 有权益的股份。 三、信息披露义务人签署本报告已获得 ...

河南瑞贝卡发制品股份有限公司 关于控股股东拟协议转让部分股份暨权益变动的 提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券代码：600439 证券简称：瑞贝卡 公告编号：临 2025-019 ● 河南瑞贝卡发制品股份有限公司（以下简称"公司"）控股股东河南瑞贝 卡控股有限责任公司（以下简称"控股股东"），拟通过协议转让方式向许昌市昌 逹商贸有限公司（以下简称"受让方"）转让其持有的70,000,000股公司无限售 条件流通股，占公司当前总股本1,131,985,440股的6.18%，受让方与公司控股股 东之间不存在关联关系。 ● 本次转让未触及要约收购，不会导致公司控股股东及实际控制人发生变 化，不会对公司治理结构及持续经营产生重大影响，亦不存在损害公司及其他股 东利益的情形。 ●本次协议转让公司股份事项尚需经上海证券交易所（以下简称"上交所" 或"交易所"）合规性审核，并在中国证券登记结算有限责任公司上海分公司（以 下简称"中登公司"）办理股份转让过户登记手续，最终实施结果存在不确定性， 敬请 ...

瑞贝卡（600439）公告，公司控股股东河南瑞贝卡控股有限责任公司拟通过协议转让方式向许昌市昌逹 商贸有限公司转让其持有的7000万股公司无限售条件流通股，占公司当前总股本11.32亿股的6.18%，转 让单价为每股人民币3.1元，转让价格合计金额为人民币2.17亿元。本次转让未触及要约收购，不会导致 公司控股股东及实际控制人发生变化，不会对公司治理结构及持续经营产生重大影响。 ...

Core Viewpoint - The company Rebecca (600439.SH), known as the "wig king," is facing significant governance and internal control issues, highlighted by two warning letters received within a month, revealing problems related to information disclosure, non-operating fund occupation, and executive compensation not approved by shareholders [2][3]. Financial Performance - In 2024, Rebecca reported a revenue of 1.239 billion yuan, a slight increase of 1.1% year-on-year, but recorded a net loss of 118 million yuan, marking the first loss since its listing in 2003 [3][8]. - The company's revenue has declined from 1.566 billion yuan in 2021 to 1.226 billion yuan in 2023, with a further increase to 1.239 billion yuan in 2024, representing a drop of over 40% from its peak revenue of 2.264 billion yuan [8][9]. Governance and Compliance Issues - The company has been warned for failing to disclose its 2024 performance forecast within one month after the fiscal year-end, violating the regulations of the Information Disclosure Management Measures for Listed Companies [2][3]. - In 2024, the controlling shareholder occupied non-operating funds amounting to approximately 1.054 billion yuan, while other related party transactions exceeded 2.3 billion yuan [5][6]. Accounting Irregularities - The company has been found to have accounting errors, including improper financial handling during loan trustee payments, leading to a reduction of cash assets by approximately 228.5 million yuan for 2022 and 309.7 million yuan for 2023 [4][5]. - The failure to disclose related party transactions in periodic reports from 2021 to 2024 constitutes a violation of mandatory disclosure regulations [6][7]. Market and Sales Strategy - Rebecca's sales are primarily focused overseas, with domestic revenue accounting for only 23.5% of total revenue in 2024, while Africa, America, and Europe contributed 36%, 28.7%, and 2.3% respectively [9][10]. - The company has increased its sales expenses significantly, with a 61.87% rise in 2024, driven by higher advertising and service fees [9]. Challenges in Overseas Markets - The company faced a 17.8% decline in revenue in the African market due to currency fluctuations and reduced consumer purchasing power [10]. - Global trade uncertainties, including changes in international trade policies and rising logistics costs, pose significant operational risks for the company [10].

Core Viewpoint - The company Rebecca, known as the "wig king," is facing its largest operational crisis since its IPO in 2024, with revenue of 1.24 billion yuan, a net loss of 118 million yuan, and a significant decline in profitability metrics [1] Group 1: Internal Issues - The company's governance structure has significant flaws, highlighted by the exposure of non-operating fund occupation by the controlling shareholder, indicating excessive internal power concentration [2] - Continuous disclosure deficiencies from 2021 to 2024 reflect systemic issues in financial transparency and compliance awareness [2] - The aggressive marketing investments aimed at capitalizing on the cross-border e-commerce trend have eroded profit margins, while the company has lagged in developing key capabilities for channel integration and user retention [2] Group 2: External Challenges - The cross-border e-commerce sector has turned into a "money-burning game," with high customer acquisition costs due to intense competition among similar brands [3] - The company has not established a differentiated product strategy, leading to weak growth in emerging markets and a slowdown in mature markets [3] - Negative public perceptions, such as quality issues and fund occupation scandals, are diluting the brand's value, causing consumer trust to wane and investor concerns to rise [3] Group 3: Path Forward - To navigate the current challenges, the company must focus on rebuilding its compliance system and optimizing its channel structure as immediate measures [4] - Long-term success will depend on product innovation to restore brand value and refined operations to enhance profitability [4] - The outcome of this transformation will hinge on the company's ability to find a dynamic balance between pursuing new opportunities and maintaining core values [4]

Core Viewpoint - The company Rebecca (600439.SH), known as the "Wig King of Henan," has received another warning from the Henan Securities Regulatory Bureau for failing to timely disclose its 2024 performance forecast, just half a month after completing previous rectifications [2][5]. Group 1: Regulatory Issues - The core issue of the recent violation is that Rebecca did not disclose its 2024 performance forecast within one month after the end of the accounting year, leading to a reported net loss of 118 million yuan for 2024 [5]. - The company only disclosed its annual report on April 29, 2025, which is a violation of the relevant provisions of the "Management Measures for Information Disclosure of Listed Companies" [5]. - The Henan Securities Regulatory Bureau has decided to issue warning letters to the company and its key executives, including the Chairman and General Manager Zheng Wenqing, Secretary of the Board Hu Liping, and Chief Financial Officer Zhu Jianrui, and these will be recorded in the integrity archives of the securities and futures market [6]. Group 2: Previous Violations - This is not the first time Rebecca has faced penalties for information disclosure issues. On April 29, the company received a notice detailing five major problems, including failure to disclose non-operating fund transactions with related parties and inadequate provision for inventory impairment [7]. - The previous violations also included issues with insider information management and the lack of shareholder approval for certain executive compensations, which were deemed to be the responsibility of the executives involved [7]. Group 3: Financial Performance - In 2024, Rebecca reported a revenue of 1.239 billion yuan, a year-on-year increase of 1.10%, but recorded a net loss of 118 million yuan, marking the first annual loss since its listing in 2003 [9]. - The fourth quarter of 2024 was particularly challenging, with a revenue of 368 million yuan, a slight decline of 0.15%, and a net loss of 12.8 million yuan, representing a staggering year-on-year decline of 4152.68% [9]. - The company attributed its poor performance to increased marketing expenses aimed at promoting new cross-border e-commerce channels, which rose by 62% compared to the previous year, leading to nearly 30% of sales being attributed to these efforts [9]. - However, in the first quarter of 2025, Rebecca showed signs of recovery, achieving a revenue of 305 million yuan, a year-on-year growth of 11.26%, and a net profit of 6.36 million yuan, up 18.59% [9].